Wattie
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Not really, if you can print all the money you want out of thin air, by the trillions, seemingly without consequence, why do we need to pay any taxes?Well no, fiat is backed by the ability to extract taxes. This makes it pretty credible.
Do you think Tax revenue can ever repay all this debt?
Once trust is lost in the issuer of the currency - Weimar, Zimbabwe, Venezuela.....
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